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Insurance |
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WHAT IS INSURANCE?
Sharing the costs of the risk of incurring losses, whether for
health expenses or property and casualty losses, across a base
large enough to protect any one entity against the actual costs
of an incurred loss. The costs of spreading the risk are assumed
to be less than the costs of an actual loss. The insured group
or insurance company is at financial risk for assuming the
guarantee against loss for the specific instance
Protection from certain losses in the future in exchange for
periodic payments. You can buy insurance that will pay you
specific amounts in case of death, injury, accident, or other
damage.
TYPE OF INSURANCE
Auto insurance
Business insurance
Disability insurance
Health insurance
Homeowners' / tenants' insurance
Life insurance
Travel insurance
Other insurance |
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